
Mid-cap energy drink maker Celsius Holdings (NASDAQ:CELH) has been trading in a sideways pattern without gaining any lift since its earnings report on August 9.
The company's proprietary MetaPlus formula is designed to turn on thermogenesis, a process that boosts the body's metabolic rate. The formula contains a blend of ginger root, guarana seed extract, chromium, vitamins, and green tea extract, with a compound that boosts metabolism.